Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
£ 350
per

Your estimated
City
free-cash

Dresden , Germany
£13
£13
-£85
£11
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
350
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
14
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
59
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
1
trade
-
-
-
-
total
-
-
-
74
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

333
-
350
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

9
-
14
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

1
-
1
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

59
-
59
-
total
69
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
17
350
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
income
3
53
-
-
chamber of commerce
1
2
-
-
trade
3
55
-
-
total
7
113
-
-
Dividends
11
238
-
-
withholding
-
56
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
total
-
59
-
-
Income
350
350
350
350
Total tax
76
172
74
74
After tax
274
178
276
276
Living cost
263
263
263
263
Free-cash
11
-85
13
13

Estimated living cost  is £263 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
-£237
-£240
-£252
-£444
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
4
national
-
-
-
45
pensions
-
-
-
42
municipal
-
-
-
29
total
-
-
-
120
Employee
728
-
303
-
municipal
90
-
31
-
national
139
-
47
-
pensions
29
-
12
-
total
258
-
90
-
Employer
728
-
303
-
pensions
58
-
24
-
social contributions
8
-
3
-
total
66
-
27
-
Corporate
-
350
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

-
70
-
-
total
-
70
-
-
Dividends
-
280
-
-
withholding
-
62
-
-
total
-
62
-
-
Income
350
350
350
350
Total tax
324
132
117
120
After tax
26
218
233
230
Living cost
470
470
470
470
Free-cash
-444
-252
-237
-240

Estimated living cost  is £470 per week

£319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
£20
£89
£99
£28
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
350
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

-
-
-
27
income
-
-
-
-
microenterprise
-
-
-
53
surtax
-
-
-
-
total
-
-
-
80
Employee
254
-
282
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

28
-
31
-
income
45
-
50
-
surtax
-
-
-
-
total
73
-
81
-
Employer
254
-
282
-
surtax
-
-
-
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

61
-
68
-
total
61
-
68
-
Corporate
35
350
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

7
70
-
-
total
7
70
-
-
Dividends

In Latvia, local dividends are not subject to withholding tax.

28
280
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
141
70
149
80
After tax
209
280
201
270
Living cost
181
181
181
181
Free-cash
28
99
20
89

Estimated living cost  is £181 per week

£115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£44
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-£515
-£163
-£466
-£515
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
32
health
-
-
-
54
pensions
-
-
-
63
total
-
-
-
149
Employee
743
743
743
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

122
122
122
-
health
114
97
114
-
pensions
134
102
134
-
total
370
321
370
-
Employer
743
743
743
-
unemployment
27
27
27
-
pensions
52
52
52
-
health
52
52
52
-
total
131
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
501
452
501
149
After tax
-151
-102
-151
201
Living cost
364
364
364
364
Free-cash
-515
-466
-515
-163

Estimated living cost  is £364 per week

£258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£67
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-£164
-£177
-£160
-£307
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
1
national
-
-
-
-
health
-
-
-
22
unemployment
-
-
-
-
other
-
-
-
41
pensions
-
-
-
38
municipal
-
-
-
74
total
-
-
-
176
Employee
500
-
266
-
municipal
149
-
79
-
national
-
-
-
-
total
149
-
79
-
Employer
500
-
266
-
other
58
-
31
-
unemployment
13
-
7
-
pensions
54
-
29
-
health
31
-
16
-
accident
1
-
1
-
total
157
-
84
-
Corporate
-
350
-
-
income
-
77
-
-
total
-
77
-
-
Dividends
-
273
-
-
withholding
-
82
-
-
total
-
82
-
-
Income
350
350
350
350
Total tax
306
159
163
176
After tax
44
191
187
174
Living cost
351
351
351
351
Free-cash
-307
-160
-164
-177

Estimated living cost  is £351 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-£66
-£66
-£166
-£91
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
350
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
14
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
59
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
1
trade
-
-
-
-
total
-
-
-
74
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

441
-
350
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

38
-
14
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

2
-
1
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

59
-
59
-
total
99
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
income
-
53
-
-
chamber of commerce
-
2
-
-
trade
-
58
-
-
total
-
116
-
-
Dividends
-
235
-
-
withholding
-
55
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
total
-
58
-
-
Income
350
350
350
350
Total tax
99
174
74
74
After tax
251
176
276
276
Living cost
342
342
342
342
Free-cash
-91
-166
-66
-66

Estimated living cost  is £342 per week

£228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
-£67
£4
-£127
-£80
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
55
income
-
-
-
-
health
-
-
-
9
total
-
-
-
64
Employee
669
669
669
-
social contributions
32
55
26
-
income
70
62
72
-
health
7
11
5
-
total
109
128
103
-
Employer
669
669
669
-
health
7
12
6
-
social contributions
32
55
26
-
total
39
67
32
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
148
195
135
64
After tax
202
155
215
286
Living cost
282
282
282
282
Free-cash
-80
-127
-67
4

Estimated living cost  is £282 per week

£193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£32
£71
£29
£31
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
43
health
-
-
-
25
unemployment
-
-
-
5
pensions
-
-
-
35
total
-
-
-
108
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

246
98
293
-
income
30
12
36
-
health
17
7
21
-
pensions
25
10
29
-
unemployment
4
1
4
-
total
76
30
90
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

246
98
293
-
pensions
48
19
57
-
total
48
19
57
-
Corporate
55
233
-
-
income
5
21
-
-
total
5
21
-
-
Dividends
50
212
-
-
withholding
10
40
-
-
social contributions
9
40
-
-
total
19
80
-
-
Income
350
350
350
350
Total tax
148
150
147
108
After tax
202
200
203
242
Living cost
171
171
171
171
Free-cash
31
29
32
71

Estimated living cost  is £171 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£11
-£2
£70
£16
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
27
health
-
-
-
45
pensions
-
-
-
70
total
-
-
-
142
Employee
247
-
262
-
income
28
-
32
-
pensions
5
-
5
-
unemployment
4
-
4
-
total
37
-
41
-
Employer
247
-
262
-
unemployment
2
-
2
-
pensions
49
-
52
-
health
32
-
34
-
total
83
-
88
-
Corporate
20
350
-
-
income
4
70
-
-
total
4
70
-
-
Dividends
16
280
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
124
70
129
142
After tax
226
280
221
208
Living cost
210
210
210
210
Free-cash
16
70
11
-2

Estimated living cost  is £210 per week

£144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-£6
£48
-£163
-£11
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
2
income
-
-
-
51
health
-
-
-
19
other
-
-
-
3
pensions
-
-
-
36
total
-
-
-
111
Employee
301
-
291
-
income
41
-
40
-
health
34
-
33
-
pensions
34
-
33
-
total
109
-
106
-
Employer
301
-
291
-
unemployment
7
-
7
-
pensions
49
-
47
-
accident
5
-
5
-
total
61
-
59
-
Corporate
-
350
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
315
-
-
total
-
315
-
-
Dividends
-
35
-
-
withholding
-
7
-
-
total
-
7
-
-
Income
350
350
350
350
Total tax
170
322
165
111
After tax
180
28
185
239
Living cost
191
191
191
191
Free-cash
-11
-163
-6
48

Estimated living cost  is £191 per week

£140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
£206
£272
£258
£244
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
350
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
4
total
-
-
-
4
Employee
93
-
350
-
income
19
-
70
-
total
19
-
70
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

257
350
-
-
total
-
-
-
-
Dividends
257
350
-
-
withholding
13
18
-
-
total
13
18
-
-
Income
350
350
350
350
Total tax
32
18
70
4
After tax
318
332
280
346
Living cost
74
74
74
74
Free-cash
244
258
206
272

Estimated living cost  is £74 per week

£46
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£20
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
-£28
-£42
£26
-£45
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
44
health
-
-
-
15
other
-
-
-
17
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

-
-
-
84
total
-
-
-
160
Employee
316
-
280
-
income
54
-
48
-
health
4
-
4
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

22
-
20
-
unemployment
3
-
3
-
total
83
-
75
-
Employer
316
-
280
-
other
16
-
14
-
unemployment
3
-
3
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

54
-
48
-
health
4
-
4
-
accident
3
-
2
-
total
80
-
71
-
Corporate
-
350
-
-
income
-
73
-
-
total
-
73
-
-
Dividends
-
277
-
-
withholding
-
19
-
-
total
-
19
-
-
Income
350
350
350
350
Total tax
163
92
146
160
After tax
187
258
204
190
Living cost
232
232
232
232
Free-cash
-45
26
-28
-42

Estimated living cost  is £232 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-£348
-£318
-£321
-£591
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
67
pensions
-
-
-
17
total
-
-
-
84
Employee
826
-
317
-
income
149
-
59
-
health
14
-
3
-
pensions
80
-
19
-
total
243
-
81
-
Employer
826
-
317
-
pensions
98
-
27
-
health
16
-
6
-
total
114
-
33
-
Corporate
-
350
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
21
-
-
total
-
21
-
-
Income
350
350
350
350
Total tax
357
87
114
84
After tax
-7
263
236
266
Living cost
584
584
584
584
Free-cash
-591
-321
-348
-318

Estimated living cost  is £584 per week

£438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
£109
£103
£186
£145
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
53
health
-
-
-
35
unemployment
-
-
-
1
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
45
total
-
-
-
134
Employee
150
-
293
-
income
15
-
29
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
13
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

13
-
26
-
total
37
-
71
-
Employer
150
-
293
-
unemployment
1
-
2
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

17
-
32
-
health
10
-
20
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
30
-
57
-
Corporate
171
350
-
-
income
17
35
-
-
total
17
35
-
-
Dividends
154
315
-
-
withholding
8
16
-
-
total
8
16
-
-
Income
350
350
350
350
Total tax
92
51
128
134
After tax
258
299
222
216
Living cost
113
113
113
113
Free-cash
145
186
109
103

Estimated living cost  is £113 per week

£66
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-£633
-£281
-£584
-£598
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
32
health
-
-
-
54
pensions
-
-
-
63
total
-
-
-
149
Employee
806
743
743
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

122
122
122
-
health
101
97
114
-
pensions
102
102
134
-
total
325
321
370
-
Employer
806
743
743
-
unemployment
29
27
27
-
pensions
56
52
52
-
health
56
52
52
-
total
141
131
131
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
466
452
501
149
After tax
-116
-102
-151
201
Living cost
482
482
482
482
Free-cash
-598
-584
-633
-281

Estimated living cost  is £482 per week

£356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£43
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
-£39
-£46
£24
-£78
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
102
income
-
-
-
30
health
-
-
-
47
solidarity contribution
-
-
-
-
total
-
-
-
179
Employee
319
-
261
-
social contributions
21
-
17
-
income
38
-
31
-
health
43
-
35
-
solidarity contribution
-
-
-
-
total
102
-
83
-
Employer
319
-
261
-
health
29
-
24
-
social contributions
80
-
65
-
total
109
-
89
-
Corporate
-
350
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
211
109
172
179
After tax
139
241
178
171
Living cost
217
217
217
217
Free-cash
-78
24
-39
-46

Estimated living cost  is £217 per week

£151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£47
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-£193
-£172
-£181
-£423
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
90
national
-
-
-
60
regional
-
-
-
3
municipal
-
-
-
2
total
-
-
-
155
Employee
773
-
350
-
social contributions
261
-
118
-
municipal
4
-
2
-
regional
7
-
3
-
national
134
-
53
-
total
406
-
176
-
Employer
773
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
nationa
-
84
-
-
municipal
-
14
-
-
total
-
98
-
-
Dividends
-
252
-
-
withholding
-
66
-
-
total
-
66
-
-
Income
350
350
350
350
Total tax
406
164
176
155
After tax
-56
186
174
195
Living cost
367
367
367
367
Free-cash
-423
-181
-193
-172

Estimated living cost  is £367 per week

£256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
£2
£9
£28
£3
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
51
health
-
-
-
25
unemployment
-
-
-
2
other
-
-
-
-
pensions
-
-
-
70
surtax
-
-
-
1
total
-
-
-
149
Employee
288
-
289
-
income
48
-
48
-
surtax
1
-
1
-
health
7
-
7
-
pensions
19
-
19
-
unemployment
20
-
20
-
other
-
-
-
-
total
95
-
95
-
Employer
288
-
289
-
other
-
-
-
-
unemployment
9
-
9
-
pensions
38
-
39
-
health
13
-
13
-
total
60
-
61
-
Corporate
2
350
-
-
income
-
91
-
-
total
-
91
-
-
Dividends
1
259
-
-
withholding
-
39
-
-
total
-
39
-
-
Income
350
350
350
350
Total tax
155
130
156
149
After tax
195
220
194
201
Living cost
192
192
192
192
Free-cash
3
28
2
9

Estimated living cost  is £192 per week

£117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-£163
-£133
-£136
-£275
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
67
pensions
-
-
-
17
total
-
-
-
84
Employee
554
-
317
-
income
100
-
59
-
health
8
-
3
-
pensions
47
-
19
-
total
155
-
81
-
Employer
554
-
317
-
pensions
60
-
27
-
health
11
-
6
-
total
71
-
33
-
Corporate
-
350
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
21
-
-
total
-
21
-
-
Income
350
350
350
350
Total tax
226
87
114
84
After tax
124
263
236
266
Living cost
399
399
399
399
Free-cash
-275
-136
-163
-133

Estimated living cost  is £399 per week

£299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
-£407
-£382
-£522
-£525
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
city
-
-
-
4
health
-
-
-
2
national
-
-
-
-
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
7
pensions
-
-
-
32
regional
-
-
-
5
total
-
-
-
50
Employee
798
-
309
-
regional
26
-
4
-
health
2
-
1
-
national
4
-
-
-
pensions
67
-
30
-
unemployment
-
-
-
-
city
9
-
3
-
total
108
-
38
-
Employer
798
-
309
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

16
-
6
-
unemployment
-
-
-
-
pensions
67
-
30
-
health
2
-
1
-
total
85
-
37
-
Corporate
-
350
-
-
regional
-
74
-
-
national
-
30
-
-
total
-
104
-
-
Dividends
-
246
-
-
withholding
-
86
-
-
total
-
86
-
-
Income
350
350
350
350
Total tax
193
190
75
50
After tax
157
160
275
300
Living cost
682
682
682
682
Free-cash
-525
-522
-407
-382

Estimated living cost  is £682 per week

£444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£61
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
-£122
-£122
-£224
-£171
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
350
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
14
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
59
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
1
trade
-
-
-
-
total
-
-
-
74
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

523
-
350
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

61
-
14
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

3
-
1
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

59
-
59
-
total
123
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
income
-
53
-
-
chamber of commerce
-
2
-
-
trade
-
60
-
-
total
-
118
-
-
Dividends
-
233
-
-
withholding
-
55
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
total
-
58
-
-
Income
350
350
350
350
Total tax
123
176
74
74
After tax
227
174
276
276
Living cost
398
398
398
398
Free-cash
-171
-224
-122
-122

Estimated living cost  is £398 per week

£291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
-£78
-£84
-£120
-£138
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
10
income
-
-
-
8
health
-
-
-
3
other
-
-
-
11
pensions
-
-
-
105
surtax
-
-
-
-
total
-
-
-
137
Employee
372
-
267
-
social contributions
11
-
8
-
income
22
-
9
-
surtax
-
-
-
-
pensions
42
-
30
-
total
75
-
47
-
Employer
372
-
267
-
other
13
-
9
-
unemployment
15
-
11
-
pensions
61
-
44
-
health
26
-
19
-
social contributions
1
-
1
-
total
116
-
84
-
Corporate
-
350
-
-
surtax
-
-
-
-
income
-
98
-
-
total
-
98
-
-
Dividends
-
252
-
-
withholding
-
32
-
-
surtax
-
-
-
-
social contributions
-
43
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
191
173
131
137
After tax
159
177
219
213
Living cost
298
298
298
298
Free-cash
-138
-120
-78
-84

Estimated living cost  is £298 per week

£188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£81
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
-£49
-£55
-£91
-£85
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
10
income
-
-
-
8
health
-
-
-
3
other
-
-
-
11
pensions
-
-
-
105
surtax
-
-
-
-
total
-
-
-
137
Employee
332
-
267
-
social contributions
9
-
8
-
income
17
-
9
-
surtax
-
-
-
-
pensions
38
-
30
-
total
64
-
47
-
Employer
332
-
267
-
other
11
-
9
-
unemployment
13
-
11
-
pensions
55
-
44
-
health
23
-
19
-
social contributions
1
-
1
-
total
103
-
84
-
Corporate
-
350
-
-
surtax
-
-
-
-
income
-
98
-
-
total
-
98
-
-
Dividends
-
252
-
-
withholding
-
32
-
-
surtax
-
-
-
-
social contributions
-
43
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
167
173
131
137
After tax
183
177
219
213
Living cost
268
268
268
268
Free-cash
-85
-91
-49
-55

Estimated living cost  is £268 per week

£155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£32
£41
£29
£21
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
48
income
-
-
-
53
health
-
-
-
24
total
-
-
-
125
Employee
295
-
350
-
social contributions
41
-
48
-
income
49
-
62
-
health
21
-
24
-
total
111
-
134
-
Employer
295
-
350
-
total
-
-
-
-
Corporate
55
350
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

3
18
-
-
total
3
18
-
-
Dividends
52
332
-
-
health
8
23
-
-
withholding
8
50
-
-
social contributions
15
46
-
-
total
31
119
-
-
Income
350
350
350
350
Total tax
145
137
134
125
After tax
205
213
216
225
Living cost
184
184
184
184
Free-cash
21
29
32
41

Estimated living cost  is £184 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-£174
-£110
-£151
-£220
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
6
health
-
-
-
27
unemployment
-
-
-
53
pensions
-
-
-
65
surtax
-
-
-
2
chamber of commerce
-
-
-
1
total
-
-
-
154
Employee
435
347
347
-
income
49
26
29
-
health
17
13
10
-
pensions
45
35
27
-
unemployment
13
10
8
-
other
4
3
3
-
total
128
87
77
-
Employer
435
347
347
-
other
21
16
16
-
surtax
2
2
2
-
unemployment
13
10
8
-
pensions
55
43
33
-
payroll
13
10
10
-
health
16
13
10
-
accident
6
5
3
-
chamber of commerce
2
1
1
-
total
128
100
83
-
Corporate
33
33
233
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

8
8
58
-
total
8
8
58
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
264
195
218
154
After tax
86
155
132
196
Living cost
306
306
306
306
Free-cash
-220
-151
-174
-110

Estimated living cost  is £306 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£26
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£71
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
-£157
-£110
-£118
-£452
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
27
national
-
-
-
97
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

-
-
-
19
total
-
-
-
143
Employee

The minimum management director salary is set at €45,000 per year.

622
-
271
-
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

32
-
14
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

29
-
13
-
national
191
-
61
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

47
-
20
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

5
-
2
-
total
304
-
110
-
Employer

The minimum management director salary is set at €45,000 per year.

622
-
271
-
surtax
71
-
31
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

9
-
4
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

55
-
24
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

38
-
17
-
accident

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

8
-
4
-
total
181
-
80
-
Corporate
-
350
-
-
surtax
-
1
-
-
income
-
70
-
-
total
-
71
-
-
Dividends
-
279
-
-
withholding

As an investor, you can take advantage of €640 tax free allowance per year.

-
80
-
-
total
-
80
-
-
Income
350
350
350
350
Total tax
485
151
190
143
After tax
-135
199
160
207
Living cost
317
317
317
317
Free-cash
-452
-118
-157
-110

Estimated living cost  is £317 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-£123
-£117
-£77
-£220
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
3
income
-
-
-
49
unemployment
-
-
-
2
other
-
-
-
-
pensions
-
-
-
99
total
-
-
-
153
Employee
433
-
257
-
income
91
-
47
-
pensions
20
-
14
-
unemployment
7
-
5
-
other
-
-
-
-
total
118
-
66
-
Employer
433
-
257
-
other
3
-
2
-
unemployment
24
-
16
-
pensions
102
-
69
-
accident
9
-
6
-
total
138
-
93
-
Corporate
-
350
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
53
-
-
total
-
53
-
-
Dividends
-
297
-
-
withholding
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
256
113
159
153
After tax
94
237
191
197
Living cost
314
314
314
314
Free-cash
-220
-77
-123
-117

Estimated living cost  is £314 per week

£231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£22
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-£246
-£246
-£254
-£388
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
4
income
-
-
-
5
health
-
-
-
31
communal
-
-
-
-
pensions
-
-
-
66
surtax
-
-
-
17
total
-
-
-
123
Employee
659
-
301
-
income
64
-
5
-
surtax
40
-
17
-
health
29
-
18
-
pensions
53
-
33
-
total
186
-
73
-
Employer
659
-
301
-
pensions
53
-
33
-
health
20
-
13
-
accident
6
-
4
-
total
79
-
50
-
Corporate
-
350
-
-
surtax
-
4
-
-
income
-
53
-
-
communal
-
24
-
-
total
-
81
-
-
Dividends
-
270
-
-
withholding
-
41
-
-
income
-
9
-
-
total
-
50
-
-
Income
350
350
350
350
Total tax
265
131
123
123
After tax
85
219
227
227
Living cost
473
473
473
473
Free-cash
-388
-254
-246
-246

Estimated living cost  is £473 per week

£354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£84
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
-£1
£6
£25
-£3
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
51
health
-
-
-
25
unemployment
-
-
-
2
other
-
-
-
-
pensions
-
-
-
70
surtax
-
-
-
1
total
-
-
-
149
Employee
293
-
289
-
income
49
-
48
-
surtax
1
-
1
-
health
7
-
7
-
pensions
20
-
19
-
unemployment
20
-
20
-
other
-
-
-
-
total
97
-
95
-
Employer
293
-
289
-
other
-
-
-
-
unemployment
9
-
9
-
pensions
39
-
39
-
health
13
-
13
-
total
61
-
61
-
Corporate
-
350
-
-
income
-
91
-
-
total
-
91
-
-
Dividends
-
259
-
-
withholding
-
39
-
-
total
-
39
-
-
Income
350
350
350
350
Total tax
158
130
156
149
After tax
192
220
194
201
Living cost
195
195
195
195
Free-cash
-3
25
-1
6

Estimated living cost  is £195 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
-£62
-£41
-£50
-£132
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
90
national
-
-
-
60
regional
-
-
-
5
municipal
-
-
-
2
total
-
-
-
157
Employee
482
-
350
-
social contributions
163
-
118
-
municipal
3
-
2
-
regional
6
-
5
-
national
76
-
53
-
total
248
-
178
-
Employer
482
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
nationa
-
84
-
-
municipal
-
17
-
-
total
-
101
-
-
Dividends
-
249
-
-
withholding
-
65
-
-
total
-
65
-
-
Income
350
350
350
350
Total tax
248
166
178
157
After tax
102
184
172
193
Living cost
234
234
234
234
Free-cash
-132
-50
-62
-41

Estimated living cost  is £234 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£61
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
-£90
-£97
-£27
-£177
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
102
income
-
-
-
30
health
-
-
-
47
solidarity contribution
-
-
-
-
total
-
-
-
179
Employee
394
-
261
-
social contributions
26
-
17
-
income
47
-
31
-
health
53
-
35
-
solidarity contribution
-
-
-
-
total
126
-
83
-
Employer
394
-
261
-
health
35
-
24
-
social contributions
98
-
65
-
total
133
-
89
-
Corporate
-
350
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
259
109
172
179
After tax
91
241
178
171
Living cost
268
268
268
268
Free-cash
-177
-27
-90
-97

Estimated living cost  is £268 per week

£199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-£145
-£79
-£120
-£147
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
6
health
-
-
-
27
unemployment
-
-
-
53
pensions
-
-
-
65
surtax
-
-
-
-
chamber of commerce
-
-
-
1
total
-
-
-
152
Employee
380
347
347
-
income
34
26
29
-
health
15
13
10
-
pensions
39
35
27
-
unemployment
11
10
8
-
other
4
3
3
-
total
103
87
77
-
Employer
380
347
347
-
other
18
16
16
-
surtax
-
-
-
-
unemployment
11
10
8
-
pensions
48
43
34
-
payroll
11
10
10
-
health
14
13
10
-
accident
5
5
3
-
chamber of commerce
2
1
1
-
total
109
98
82
-
Corporate
33
33
234
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

8
8
59
-
total
8
8
59
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
220
193
218
152
After tax
130
157
132
198
Living cost
277
277
277
277
Free-cash
-147
-120
-145
-79

Estimated living cost  is £277 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
£164
£230
£216
£195
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
350
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
4
total
-
-
-
4
Employee
145
-
350
-
income
29
-
70
-
total
29
-
70
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

205
350
-
-
total
-
-
-
-
Dividends
205
350
-
-
withholding
10
18
-
-
total
10
18
-
-
Income
350
350
350
350
Total tax
39
18
70
4
After tax
311
332
280
346
Living cost
116
116
116
116
Free-cash
195
216
164
230

Estimated living cost  is £116 per week

£78
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£29
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
-£46
-£35
£7
-£95
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
350
income
-
-
-
53
health
-
-
-
34
unemployment
-
-
-
1
pensions
-
-
-
64
total
-
-
-
152
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

385
-
303
-
income
66
-
49
-
health
25
-
20
-
pensions
60
-
47
-
unemployment
1
-
-
-
total
152
-
116
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

385
-
303
-
unemployment
-
-
-
-
pensions
34
-
27
-
health
26
-
20
-
total
60
-
47
-
Corporate
-
350
-
-
income
-
67
-
-
total
-
67
-
-
Dividends
-
283
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
212
110
163
152
After tax
138
240
187
198
Living cost
233
233
233
233
Free-cash
-95
7
-46
-35

Estimated living cost  is £233 per week

£160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-£190
-£169
-£198
-£1069
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
40
income
-
-
-
68
total
-
-
-
108
Employee
589
-
23
-
social contributions
48
-
7
-
income
130
-
4
-
total
178
-
11
-
Employer
589
-
23
-
social contributions
830
-
118
-
total
830
-
118
-
Corporate
-
350
-
-
income
-
77
-
-
total
-
77
-
-
Dividends
-
273
-
-
income
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
1 008
137
129
108
After tax
-658
213
221
242
Living cost
411
411
411
411
Free-cash
-1 069
-198
-190
-169

Estimated living cost  is £411 per week

£266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£39
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
-£73
-£67
-£73
-£145
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
350
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
122
income
-
-
-
22
surtax
-
-
-
-
total
-
-
-
144
Employee
400
-
283
-
social contributions
44
-
31
-
income
83
-
52
-
surtax
-
-
-
-
total
127
-
83
-
Employer
400
-
283
-
social contributions
95
-
67
-
total
95
-
67
-
Corporate
-
350
-
-
surtax
-
-
-
-
income
-
73
-
-
total
-
73
-
-
Dividends
-
277
-
-
withholding
-
77
-
-
total
-
77
-
-
Income
350
350
350
350
Total tax
222
150
150
144
After tax
128
200
200
206
Living cost
273
273
273
273
Free-cash
-145
-73
-73
-67

Estimated living cost  is £273 per week

£204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-£201
-£207
-£243
-£366
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
10
income
-
-
-
8
health
-
-
-
3
other
-
-
-
11
pensions
-
-
-
105
surtax
-
-
-
-
total
-
-
-
137
Employee
545
-
267
-
social contributions
16
-
8
-
income
48
-
9
-
surtax
-
-
-
-
pensions
62
-
30
-
total
126
-
47
-
Employer
545
-
267
-
other
19
-
9
-
unemployment
22
-
11
-
pensions
89
-
44
-
health
38
-
19
-
social contributions
2
-
1
-
total
170
-
84
-
Corporate
-
350
-
-
surtax
-
-
-
-
income
-
98
-
-
total
-
98
-
-
Dividends
-
252
-
-
withholding
-
32
-
-
surtax
-
-
-
-
social contributions
-
43
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
296
173
131
137
After tax
54
177
219
213
Living cost
420
420
420
420
Free-cash
-366
-243
-201
-207

Estimated living cost  is £420 per week

£284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£96
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£22
£12
£54
£25
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
-
social contributions
-
-
-
77
total
-
-
-
77
Employee
280
-
303
-
social contributions
18
-
20
-
income
-
-
-
-
total
18
-
20
-
Employer
280
-
303
-
social contributions
43
-
47
-
total
43
-
47
-
Corporate
27
350
-
-
income
3
35
-
-
total
3
35
-
-
Dividends
24
315
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
64
35
67
77
After tax
286
315
283
273
Living cost
261
261
261
261
Free-cash
25
54
22
12

Estimated living cost  is £261 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-£1542
-£181
-£1542
-£1542
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
national
-
-
-
29
pensions
-
-
-
8
labour market
-
-
-
27
municipal
-
-
-
49
total
-
-
-
113
Employee
1 764
1 764
1 764
-
municipal
376
376
376
-
national
216
216
216
-
pensions
3
3
3
-
labour market
141
141
141
-
total
736
736
736
-
Employer
1 764
1 764
1 764
-
national
216
216
216
-
pensions
5
5
5
-
labour market
141
141
141
-
municipal
376
376
376
-
total
738
738
738
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
1 474
1 474
1 474
113
After tax
-1 124
-1 124
-1 124
237
Living cost
418
418
418
418
Free-cash
-1 542
-1 542
-1 542
-181

Estimated living cost  is £418 per week

£286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£3
£51
-£160
-£6
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
2
income
-
-
-
51
health
-
-
-
19
other
-
-
-
3
pensions
-
-
-
36
total
-
-
-
111
Employee
296
-
291
-
income
41
-
40
-
health
34
-
33
-
pensions
33
-
33
-
total
108
-
106
-
Employer
296
-
291
-
unemployment
7
-
7
-
pensions
48
-
47
-
accident
5
-
5
-
total
60
-
59
-
Corporate
-
350
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
315
-
-
total
-
315
-
-
Dividends
-
35
-
-
withholding
-
7
-
-
total
-
7
-
-
Income
350
350
350
350
Total tax
168
322
165
111
After tax
182
28
185
239
Living cost
188
188
188
188
Free-cash
-6
-160
-3
51

Estimated living cost  is £188 per week

£137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
-£112
-£52
-£92
-£194
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
350
national
-
-
-
3
health
-
-
-
2
municipal
-
-
-
63
total
-
-
-
68
Employee
457
-
294
-
municipal
75
-
48
-
health
3
-
1
-
national
8
-
-
-
pensions
31
-
20
-
unemployment
7
-
4
-
total
124
-
73
-
Employer
457
-
294
-
unemployment
3
-
2
-
pensions
79
-
51
-
health
4
-
2
-
accident
-
-
-
-
total
86
-
55
-
Corporate
-
350
-
-
income
-
70
-
-
total
-
70
-
-
Dividends

Finish residents use 75% of income from dividends as a base for income tax.

-
210
-
-
municipal
-
38
-
-
national
-
-
-
-
total
-
38
-
-
Income
350
350
350
350
Total tax
210
108
128
68
After tax
140
242
222
282
Living cost
334
334
334
334
Free-cash
-194
-92
-112
-52

Estimated living cost  is £334 per week

£218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
£14
£85
-£46
£11
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
55
income
-
-
-
-
health
-
-
-
9
total
-
-
-
64
Employee
669
669
669
-
social contributions
25
55
26
-
income
73
62
72
-
health
5
11
5
-
total
103
128
103
-
Employer
669
669
669
-
health
6
12
6
-
social contributions
25
55
26
-
total
31
67
32
-
Corporate
15
-
-
-
income
2
-
-
-
total
2
-
-
-
Dividends
13
-
-
-
withholding
2
-
-
-
total
2
-
-
-
Income
350
350
350
350
Total tax
138
195
135
64
After tax
212
155
215
286
Living cost
201
201
201
201
Free-cash
11
-46
14
85

Estimated living cost  is £201 per week

£121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£56
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£79
£100
£151
£106
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
350
income
-
-
-
26
health
-
-
-
31
unemployment
-
-
-
-
pensions
-
-
-
55
total
-
-
-
112
Employee

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

200
-
317
-
income
14
-
23
-
health
17
-
27
-
pensions
30
-
48
-
unemployment
1
-
2
-
total
62
-
100
-
Employer

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

200
-
317
-
unemployment
1
-
2
-
pensions
11
-
17
-
health
9
-
14
-
total
21
-
33
-
Corporate
130
350
-
-
income
12
32
-
-
total
12
32
-
-
Dividends
118
318
-
-
withholding
11
29
-
-
total
11
29
-
-
Income
350
350
350
350
Total tax
106
61
133
112
After tax
244
289
217
238
Living cost
138
138
138
138
Free-cash
106
151
79
100

Estimated living cost  is £138 per week

£88
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
-£48
-£42
-£2
-£74
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
3
income
-
-
-
49
unemployment
-
-
-
2
other
-
-
-
-
pensions
-
-
-
99
total
-
-
-
153
Employee
322
-
257
-
income
62
-
47
-
pensions
15
-
14
-
unemployment
5
-
5
-
other
-
-
-
-
total
82
-
66
-
Employer
322
-
257
-
other
3
-
2
-
unemployment
18
-
16
-
pensions
76
-
69
-
accident
6
-
6
-
total
103
-
93
-
Corporate
-
350
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
53
-
-
total
-
53
-
-
Dividends
-
297
-
-
withholding
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
185
113
159
153
After tax
165
237
191
197
Living cost
239
239
239
239
Free-cash
-74
-2
-48
-42

Estimated living cost  is £239 per week

£161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£51
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£202
£203
£203
£203
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
113
health
-
-
-
8
pensions
-
-
-
11
total
-
-
-
132
Employee
22
-
338
-
income
4
-
112
-
health
1
-
3
-
pensions
2
-
5
-
unemployment
-
-
1
-
total
7
-
121
-
Employer
22
-
338
-
unemployment
-
-
1
-
pensions
2
-
6
-
health
2
-
5
-
total
4
-
12
-
Corporate
323
350
-
-
income
71
77
-
-
total
71
77
-
-
Dividends
252
273
-
-
withholding
50
55
-
-
total
50
55
-
-
Income
350
350
350
350
Total tax
132
132
133
132
After tax
218
218
217
218
Living cost
15
15
15
15
Free-cash
203
203
202
203

Estimated living cost  is £15 per week

£9
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£4
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£43
£28
£103
£59
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

-
-
-
350
income
-
-
-
40
health
-
-
-
36
unemployment
-
-
-
5
pensions
-
-
-
91
total
-
-
-
172
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

226
-
297
-
income
31
-
45
-
health
12
-
15
-
pensions
32
-
42
-
unemployment
2
-
2
-
total
77
-
104
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

226
-
297
-
unemployment
2
-
2
-
pensions
27
-
36
-
health
12
-
15
-
total
41
-
53
-
Corporate
83
350
-
-
income
12
52
-
-
total
12
52
-
-
Dividends
71
298
-
-
withholding
11
45
-
-
total
11
45
-
-
Income
350
350
350
350
Total tax
141
97
157
172
After tax
209
253
193
178
Living cost
150
150
150
150
Free-cash
59
103
43
28

Estimated living cost  is £150 per week

£101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
-£34
-£28
-£34
-£67
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
350
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
122
income
-
-
-
22
surtax
-
-
-
-
total
-
-
-
144
Employee
337
-
283
-
social contributions
37
-
31
-
income
66
-
52
-
surtax
-
-
-
-
total
103
-
83
-
Employer
337
-
283
-
social contributions
80
-
67
-
total
80
-
67
-
Corporate
-
350
-
-
surtax
-
-
-
-
income
-
73
-
-
total
-
73
-
-
Dividends
-
277
-
-
withholding
-
77
-
-
total
-
77
-
-
Income
350
350
350
350
Total tax
183
150
150
144
After tax
167
200
200
206
Living cost
234
234
234
234
Free-cash
-67
-34
-34
-28

Estimated living cost  is £234 per week

£166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-£115
-£109
-£69
-£204
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
3
income
-
-
-
49
unemployment
-
-
-
2
other
-
-
-
-
pensions
-
-
-
99
total
-
-
-
153
Employee
420
-
257
-
income
88
-
47
-
pensions
20
-
14
-
unemployment
7
-
5
-
other
-
-
-
-
total
115
-
66
-
Employer
420
-
257
-
other
3
-
2
-
unemployment
23
-
16
-
pensions
99
-
69
-
accident
8
-
6
-
total
133
-
93
-
Corporate
-
350
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
53
-
-
total
-
53
-
-
Dividends
-
297
-
-
withholding
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
248
113
159
153
After tax
102
237
191
197
Living cost
306
306
306
306
Free-cash
-204
-69
-115
-109

Estimated living cost  is £306 per week

£219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£74
£68
£151
£99
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
53
health
-
-
-
35
unemployment
-
-
-
1
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
45
total
-
-
-
134
Employee
197
-
293
-
income
20
-
29
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
13
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

17
-
26
-
total
48
-
71
-
Employer
197
-
293
-
unemployment
1
-
2
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

22
-
32
-
health
14
-
20
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
total
39
-
57
-
Corporate
115
350
-
-
income
11
35
-
-
total
11
35
-
-
Dividends
103
315
-
-
withholding
5
16
-
-
total
5
16
-
-
Income
350
350
350
350
Total tax
103
51
128
134
After tax
247
299
222
216
Living cost
148
148
148
148
Free-cash
99
151
74
68

Estimated living cost  is £148 per week

£98
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-£60
-£60
-£154
-£83
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
350
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
14
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
59
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
1
trade
-
-
-
-
total
-
-
-
74
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

433
-
350
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

36
-
14
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

2
-
1
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

59
-
59
-
total
97
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
income
-
53
-
-
chamber of commerce
-
2
-
-
trade
-
50
-
-
total
-
108
-
-
Dividends
-
243
-
-
withholding
-
57
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
97
168
74
74
After tax
253
182
276
276
Living cost
336
336
336
336
Free-cash
-83
-154
-60
-60

Estimated living cost  is £336 per week

£232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
-£208
-£208
-£250
-£330
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
43
social contributions
-
-
-
20
total
-
-
-
63
Employee
680
-
350
-
social contributions
57
-
20
-
income
128
-
43
-
total
185
-
63
-
Employer
680
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
income
-
44
-
-
total
-
44
-
-
Dividends
-
306
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
350
350
350
350
Total tax
185
105
63
63
After tax
165
245
287
287
Living cost
495
495
495
495
Free-cash
-330
-250
-208
-208

Estimated living cost  is £495 per week

£377
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£40
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
-£55
-£267
-£123
-£115
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
350
income
-
-
-
248
health

This is an average price for a private worldwide health insurance. The price will vary depending on your age and health condition.

-
-
-
53
total
-
-
-
301
Employee
399
-
318
-
social contributions
40
-
32
-
income
43
-
25
-
total
83
-
57
-
Employer
399
-
318
-
social contributions
40
-
32
-
total
40
-
32
-
Corporate
-
350
-
-
income
-
123
-
-
total
-
123
-
-
Dividends
-
227
-
-
social contributions
26
34
-
-
total
26
34
-
-
Income
350
350
350
350
Total tax
149
157
89
301
After tax
201
193
261
49
Living cost
316
316
316
316
Free-cash
-115
-123
-55
-267

Estimated living cost  is £316 per week

£208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£78
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
-£88
-£58
-£61
-£148
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
67
pensions
-
-
-
17
total
-
-
-
84
Employee
445
-
317
-
income
81
-
59
-
health
6
-
3
-
pensions
34
-
19
-
total
121
-
81
-
Employer
445
-
317
-
pensions
45
-
27
-
health
8
-
6
-
total
53
-
33
-
Corporate
-
350
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
21
-
-
total
-
21
-
-
Income
350
350
350
350
Total tax
174
87
114
84
After tax
176
263
236
266
Living cost
324
324
324
324
Free-cash
-148
-61
-88
-58

Estimated living cost  is £324 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-£22
£32
-£179
-£42
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
accident
-
-
-
2
income
-
-
-
51
health
-
-
-
19
other
-
-
-
3
pensions
-
-
-
36
total
-
-
-
111
Employee
325
-
291
-
income
45
-
40
-
health
37
-
33
-
pensions
37
-
33
-
total
119
-
106
-
Employer
325
-
291
-
unemployment
8
-
7
-
pensions
53
-
47
-
accident
5
-
5
-
total
66
-
59
-
Corporate
-
350
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
315
-
-
total
-
315
-
-
Dividends
-
35
-
-
withholding
-
7
-
-
total
-
7
-
-
Income
350
350
350
350
Total tax
185
322
165
111
After tax
165
28
185
239
Living cost
207
207
207
207
Free-cash
-42
-179
-22
32

Estimated living cost  is £207 per week

£152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

Close
Skopje , Macedonia
£96
£96
£179
£137
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
350
health insurance
-
-
-
26
income
-
-
-
40
work injury
-
-
-
2
unemployment
-
-
-
4
pensions
-
-
-
64
total
-
-
-
136
Employee

Minimal social contribution is 50% of an average salary to a maximum of six average salaries.

188
-
350
-
work injury
1
-
2
-
income
19
-
40
-
health insurance
14
-
26
-
pensions
35
-
64
-
unemployment
2
-
4
-
total
71
-
136
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
162
350
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
-
-
-
total
-
-
-
-
Dividends
162
350
-
-
withholding
24
53
-
-
total
24
53
-
-
Income
350
350
350
350
Total tax
95
53
136
136
After tax
255
297
214
214
Living cost
118
118
118
118
Free-cash
137
179
96
96

Estimated living cost  is £118 per week

£73
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-£173
-£153
-£162
-£382
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
90
national
-
-
-
60
regional
-
-
-
5
municipal
-
-
-
2
total
-
-
-
157
Employee
733
-
350
-
social contributions
247
-
118
-
municipal
4
-
2
-
regional
11
-
4
-
national
124
-
53
-
total
386
-
177
-
Employer
733
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
nationa
-
84
-
-
municipal
-
17
-
-
total
-
101
-
-
Dividends
-
249
-
-
withholding
-
65
-
-
total
-
65
-
-
Income
350
350
350
350
Total tax
386
166
177
157
After tax
-36
184
173
193
Living cost
346
346
346
346
Free-cash
-382
-162
-173
-153

Estimated living cost  is £346 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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